Unbundle PIB for easy passage, investment

The Petroleum Industry Bill (PIB) as is currently constituted, is too complex and will need to be broken into bits, for it to stand a chance of being passed early by the National Assembly, stakeholders have said.

Non passage of the bill has held up further investment in oil exploration in Africa’s second largest economy and the world’s seventh oil exporter. Most of the oil majors in the recent past have invested in counries like Angola and Canada at the expense of Nigeria. Read more

About Author: Integrity Org

Integrity Organization is committed is an anti-corruption, research and advocacy organization. Its activities are centered on the aim to reduce the tolerance for corruption in Nigeria.

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